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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: joe who wrote (24467)	11/12/1998 9:11:00 PM
From: Tim McGee	Respond to of 45548

Joe, The reason i say lower is due to the market activity lately. I think w/o the LU rumors, we would have been down today like the rest of the market. I've mentioned before that i think we were going to have a mkt pull back and we are now. Not sure how long it will last but 3Com should move with it generally. Clearly we are not moving with it today. I think your right that we don't have too many weak hands but that does not prevent us moving slowly down with the mkt on relatively low volume. I do agree that whenever we have volume, the movement will be upwards. Also, if the market does not continue to pull back i don't think we will go below low 30s Tim

To: joe who wrote (24467)	11/12/1998 9:25:00 PM
From: MskiHntr	Read Replies (2) \| Respond to of 45548

joe, I've been reading the posts between you and Steve, re volume et al. Today's volume was the highest in six days. The stock price made a new reaction low since its' peak price 9 days ago and finished on the high for the day. IMO a reversal day. The next near term level of resistance is that/those seller(s) laying in wait just below 36. If this stock can close over 35 5/8 on volume I think there's an excellent chance we'll see new highs. Something is cooking. When I PMd you earlier today and asked if you believe in volume preceding price, I was watching some block activity that started to show up, just some nibbles, and then the buyer(s) came in with a vengence. Check the time of my PM to you and then correlate it with the 5 minute intraday chart on Big Charts.http://www.bigcharts.com/intchart/frames/frames.asp?symb= Best, Joe